Financial Accounting

We can help you to prepare your accounts, be they small income and expenditure accounts for Tax Return purposes, or fully compliant statutory accounts for Limited companies, including simplified abbreviated versions for submission to Companies House where appropriate. Our full accounts service will involve the preparation of your accounts from your accounting records, the discussion and commentary of these financial results with you, and finally the submission of them to the relevant authorities. Where necessary we can advise on your accounting systems, records and procedures to facilitate the smooth running of your business and the preparation of the year-end accounts. Personal Taxes We can assist in the preparation and submission of your personal Tax Return with HM Revenue & Customs. We cover all aspects of personal taxation and will complete the necessary entries on your Tax Return, advise you of your liabilities and payments due dates. As agents, we will review correspondence from HM Revenue & Customs and ensure that your personal tax affairs are kept in good order.

Corporation Tax

Combined with our accounts preparation service for Limited Companies we will compute the Corporation tax of your entity. We will advise you of the liabilities and payment dates. We can discuss the tax position and advise on methods to mitigate the liabilities of the company. If HMRC enquire into the company returns, we can provide the support and assistance to agree the position.

VAT

We can prepare VAT returns for all types of business, whether you are standard accounting, cash accounting, flat rate accounting, or annual accounting. We will reconcile your VAT account and will ensure you are fully up to date with the VAT man, and more importantly that all VAT has been declared and reclaimed.

Charity Accounts and Gift Aid

We can prepare charity accounts for submission to the Charities Commission and Companies House where appropriate ensuing full compliance. We can also prepare and submit Gift Aid claims on behalf of the charity.

Cash Flow & Management Accounting

Alongside our practice expertise we have significant industry and commercial experience to the table that brings another dimension to the service we are able to offer. In this context we can advise and assist with cash flow, budgeting and managment accounting.

Payroll and CIS

We offer a comprehensive payroll service whether it is monthly, weekly, 1 employee, or 100 employees. We will compute the net pay, Tax and National Insurance deductions, supply payslips, reports, and will advise on the amounts to HMRC. We can produce the year-end reports, including holiday pay, sick pay and maternity pay. We can prepare CIS returns, make the relevant submissions where applicable and provide you with amounts payable, and where required provide monthly subcontractor vouchers.

Book-keeping

We can provide bookkeeping solutions to suit your needs, whether this is done quarterly to coincide with your VAT reporting, or monthly to provide you with up to date data on the business performance. We reconcile and document all control accounts to include bank accounts, sales debtor accounts, and purchase creditor accounts, providing you with the necessary reports to assist you in running your business, in a presentable, easy to follow format.

Company Secretarial

The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act. Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors. We can give you complete peace of mind in this area by carrying out your company secretarial duties for you. Our services include: • Company formations • Preparation and filing of statutory returns • Preparation of all documentation related to minutes and resolutions • Maintenance of statutory books • General advice on company law

Start up

As with many things, there are several different ways to start anything new – the same applies with business. We will advise on whether to start as a Sole Trader, in a Partnership, or as a Limited Company. We will advise you on the varying reporting requirements of each business vehicle, and assist you in fulfilling these requirements. We understand that starting a new business can be complex, and sometimes daunting, and therefore we are on hand for any query you may have, including accounting systems. We will provide support through the early years and beyond, through to advice on exit strategies. Give us a call for a no-obligation chat or email us. When we have obtained the required information, we will be able to suggest a line of action and provide an estimate of the likely cost.